CONSOLIDATION
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Real Estate
Romania Halves Funds For Building Consolidation In 2014-2016
Romania’s Government will halve state budget funds for local authorities to consolidate homes considered to have high seismic risk, despite warnings that many buildings might collapse in cas...
Banks-Insurance
BRD Is Not Planning Any Layoffs - Official
Romanian lender BRD-Groupe Societe Generale (BRD.RO) has not laid off any staff and it is not planning staff cuts, Monday said Sorin Popa, executive officer within the bank, answering media...
Real Estate
Mortgage No Longer Required For Building Consolidation Projects
Romania's Government has eliminated the requirement of securing a mortgage on a building consolidated to withstand earthquakes, which the state used to ensure that owners will refund the cos...